Welcome to our dedicated page for Cannae Holdings news (Ticker: CNNE), a resource for investors and traders seeking the latest updates and insights on Cannae Holdings stock.
Cannae Holdings, Inc. (NYSE: CNNE) is a Nevada-based holding company that acquires interests in operating businesses and takes an active role in managing a core group of those companies. This news page aggregates company-issued updates and regulatory-related announcements so readers can follow how Cannae describes the evolution of its strategy, portfolio, and governance over time.
Recent Cannae news has focused on its strategic transformation as a permanent capital vehicle, including a shift in its portfolio toward proprietary private investments, the disposition of its equity interest in Dun & Bradstreet Holdings, Inc., and plans for using transaction proceeds for share repurchases, dividends, debt reduction, and new investments. The company also regularly announces quarterly financial results and related conference calls, providing insight into how management discusses performance and capital allocation.
Governance and shareholder matters are another recurring theme in Cannae’s news flow. The company has reported on its annual meetings of shareholders, board declassification, changes to its Articles of Incorporation and bylaws, and board composition, including the addition of new independent directors. Cannae’s communications also describe an ongoing proxy contest with Carronade Capital, outlining the company’s perspective on board nominees and governance proposals.
Visitors to this page can review press releases on dividends, earnings release dates, portfolio transactions, and shareholder meetings, alongside references to related SEC filings. For investors and analysts tracking CNNE, this news feed offers a centralized view of Cannae’s own disclosures about its long-term investment approach, capital returns to shareholders, and governance developments.
Cannae Holdings, Inc. (NYSE:CNNE) announced the promotion of David Ducommun to President, effective January 1, 2021, succeeding Brent Bickett, who transitions to Strategic Advisor. Ducommun, previously Executive Vice President, Corporate Finance, has over 20 years of experience, including roles in mergers and acquisitions at FNF and Bank of America. Chairman William P. Foley, II congratulated Ducommun for his leadership and contributions, emphasizing the company's focus on strategic investments for growth.
Cannae Holdings, Inc. (NYSE:CNNE) announced the transition of Brent B. Bickett from President to Senior Advisor, effective December 31, 2020. Chairman William P. Foley II praised Bickett for his 21 years of service, particularly in M&A leadership. Bickett expressed gratitude for his time at Cannae and enthusiasm for his new role, which will include assisting in ongoing investments and pursuing independent opportunities. Cannae focuses on managing companies and assets to enhance financial performance, with major holdings including approximately 18% in Dun & Bradstreet and 9.5% in Ceridian.
Senator Investment Group and Cannae Holdings, Inc. (NYSE: CNNE) have requested CoreLogic, Inc. (NYSE: CLGX) to set a record date for a potential solicitation to remove and replace six directors. This action aims to hold CoreLogic accountable amid what they describe as unexplainable delays in the company's decision-making process. If necessary, they could initiate changes as early as December. Senator and Cannae currently own approximately 9.20% of CoreLogic's outstanding shares, representing a significant stakeholder interest.
Senator Investment Group LP and Cannae Holdings, Inc. (CNNE) announced that shareholders have voted to remove CoreLogic, Inc.'s longest-tenured directors and replace them with nominees from Senator and Cannae. Over 86% of the votes favored the new directors: W. Steve Albrecht, Wendy Lane, and Henry W. 'Jay' Winship. Additionally, approximately 50% of the votes supported the removal of CoreLogic Chairman Paul Folino. This decision reflects shareholder demand for increased engagement and value maximization from CoreLogic's Board.
Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,139,227 shares of Ceridian HCM Holding Inc. at $93.00 per share, totaling approximately $198.9 million in gross proceeds. This transaction was executed under Rule 144 of the Securities Act of 1933. Cannae's strategic focus includes managing and operating a portfolio of companies, aiming for superior financial performance. The firm holds significant interests in Dun & Bradstreet and Ceridian, enhancing its investment portfolio.
Cannae Holdings, Inc. (NYSE:CNNE) has released its third quarter 2020 financial results, available on their investor relations website. The company remains focused on managing and operating a diverse range of companies and investments, aiming for superior financial performance. Cannae holds significant stakes in Dun & Bradstreet (DNB) and Ceridian (CDAY), with approximately 18% and 11% ownership, respectively. The firm is led by William P. Foley, II, known for his success in creating over $100 billion in publicly traded companies.
Senator Investment Group and Cannae Holdings (NYSE: CNNE) announced that Institutional Shareholder Services (ISS) has recommended shareholders vote for their nominees and remove CoreLogic’s longest-tenured directors due to concerns over board performance and shareholder value maximization. ISS criticized CoreLogic for failing to run a legitimate sales process and questioned management accountability. ISS emphasized that new directors would enhance governance and the potential for value maximization amid increasing acquisition interest. The proxy vote is scheduled for November 17, 2020.
Senator Investment Group and Cannae Holdings have nominated nine candidates for the CoreLogic Board of Directors, emphasizing their intention to maximize shareholder value. The nominees assert their independence from the nominating firms and commit to evaluating all offers objectively. They encourage shareholders to vote for their election using the GOLD Proxy Card. The Special Meeting for these elections is scheduled for November 17, 2020, with the nominees urging shareholders to support two by-law proposals as well.
Senator Investment Group and Cannae Holdings have issued a statement regarding CoreLogic, emphasizing their desire for a legitimate sales process. CoreLogic is reportedly engaging with potential buyers at a valuation of at least $80 per share. However, concerns persist about the company's commitment to a fair process, as recent reports indicate potential acquirers have faced delays. As the largest shareholder, Senator plans to elect independent director candidates to ensure shareholder interests are prioritized. They encourage stakeholders to vote in support of their proposals at the special meeting on November 17, 2020.
Cannae Holdings, Inc. (NYSE:CNNE) will announce its third-quarter financial results for the period ending September 30, 2020, on November 9, 2020, before market open. The results will be available on the company’s Investor Relations webpage. Cannae, led by investor William P. Foley, II, focuses on managing and operating a portfolio of companies for enhanced financial performance. Key holdings include an 18% stake in Dun & Bradstreet and an 11% interest in Ceridian. Cannae aims to maximize asset value through strategic equity investments.